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What will be the Federal Reserve's next major climate-related policy change by end of 2025?
2
Resolution / Starting Odds
Rejoin NGFS • 25%
Introduce new climate risk regulations • 25%
No new climate-related policies • 25%
Other climate-related initiative • 25%
Official Federal Reserve announcements or policy documents
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Federal Reserve Withdraws from NGFS Before Trump's Inauguration, Citing Statutory Mandate
Jan 17, 2025, 08:16 PM
The Federal Reserve announced its withdrawal from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), a global coalition focused on integrating climate change risks into financial regulation and monetary policy. The Fed cited the NGFS's broadened scope as exceeding its statutory mandate. The decision was made just days before the inauguration of President-elect Donald Trump, who has been critical of government-led climate change policies. The Fed joined the NGFS in 2020, and its exit reflects ongoing pressure from Republican lawmakers concerned about the influence of climate concerns on financial regulation. Five of the Fed's seven governors voted in favor of the withdrawal, with Michael Barr and Adriana Kugler abstaining.
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Launch new coalition • 25%
Enhance internal climate risk measures • 25%
Rejoin NGFS • 25%
No significant policy shift • 25%
No • 50%
Yes • 50%
Other • 25%
More Aggressive • 25%
No Change • 25%
Less Aggressive • 25%
None • 25%
UNEP Finance Initiative • 25%
BIS Green Finance Forum • 25%
Sustainable Banking Network • 25%
No • 50%
Yes • 50%
Climate Change Mitigation • 25%
Other • 25%
Inflation Control • 25%
Unemployment Reduction • 25%
Increased independence • 25%
Status quo maintained • 25%
Reversal of NGFS exit • 25%
Further withdrawal from climate initiatives • 25%
Inflation control • 25%
Other • 25%
Financial stability • 25%
Digital currency • 25%
Yes • 50%
No • 50%